The global logistics giant said its Q1 profits among its five business divisions suffered from the coronavirus upheaval.
U.S. logistics real estate operator announces it has reached the 100 million euro cap for its European logistics fund.
Deutsche Post World has lowered its guidance for the year and cited Amazon’s continuing insourcing of logistics as a major reason. Plus, Goldman Sachs is predicting a 5% contraction in the economy, labor shortages could hamper restocking of shelves, and the Fed slashes interest rates.
Workhorse said its electric delivery van will enter production in the next few weeks, with various configurations and sizes to be offered eventually.
DHL has decided to close its StreetScooter electric vehicle business, plus household income rises, aluminum plant likely to close, and why Americans will love self-driving trucks.
DHL has issued layoff notices for 134 workers in Detroit as it seeks to renegotiate a contract with a supplier. Also, Amazon ditches delivery providers, rail and intermodal volumes drops.
The coronavirus could present a silver lining for freighter operators, but any boost in business may be weeks or months away, depending on how long the contagion lasts.
The loss of a DHL contract has led to a New York carrier issuing layoff notices to 48 employees.
A trade war truce is not stopping multinationals from exploring alternative sourcing options to China, but moving supply chains is difficult, says expert.
Darren Prokop writes about foreign trade zones and their impact on imports, exports and the economy.
East Midlands Airport is adding an experienced air cargo manager to head cargo operations during a period of expansion.
Airport has ambitious China plans
The new center at Cologne-Bonn Airport will help meet rising demand for express e-commerce shipments.
The new 40,000-square-meter center is the size of five football fields and has a sorting capacity of 50,000 shipments per hour.
Latvian airport to double cargo handling capacity
Transit times of 10-12 days are promised on the new service from DHL Global Forwarding.
We are regularly enhancing and improving SONAR to meet the needs of the ever-changing freight market and the needs of our customers. To help keep SONAR users informed, we deliver a brief recap of newly released data sets, market indices, and product feature improvements in our This Week in SONAR series. Daily Estimated Miles Driven […]
Investment will fund a new facility at DHL Express gateway at Hamilton International Airport to accommodate growing volumes.
UPS expands drone operations, healthcare and e-commerce services
The transfer of production out of China to avoid U.S. tariffs of up to 25% is having a tangible impact on global trade flows.
